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Parastatal Reform – Mnangagwa Bites the Bullet

President Emmerson Mnangagwa’s administration has taken advantage of a “fake news release” to push through a process to reform the country’s parastatals blamed for bleeding the economy.

In a statement Sunday, Finance minister Patrick Chinamasa acknowledged that social media and speculative reporting had been misleading but helped generate interest.

“The flurry of media coverage and speculative reporting who followed upon the dissemination of a false media release from a non-existent State Agency although misleading and unhelpful has generated expression of interest from a wide range of potential investors, joint venture partners and or strategic partners in respect of a number of our State Entities,” Chinamasa said.

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